Telina is a well-established suburb close and is closely affiliated with neighbouring suburbs Kin Kora and Sun Valley. I grew up in the suburb and worked in my parent’s family owned business so I have a good understanding of the local demographic and market trends.
In the last few years I have seen an increasing amount of buyers consider Telina as a place to call home.
There are three key drivers behind their choice;
- Established area with family focus
- Kin Kora Primary School catchment area
- Preference for a suburban lifestyle but still close to the centre of town
Locals to the area also enjoy the variety of shopping and services, including Kirkwood Woolworths, Sun Valley IGA and Stockland Kin Kora as well as sporting facilities such as the Glen Cricket Club, Gladstone Golf Club and also Gladstone BMX. Tondoon Botanic Gardens borders the back of Telina and the remaining State Forrest area. It is home to 83 hectares of flora and fauna as well as local café and trail walks.
We have seen the sale price of established homes in Telina stablisie over the last 6 months.
Lowset, brick veneer properties of 3 bedrooms typically sell for between $235,000 to $260,000 with the median price at $256,500.
The median price for four bedroom homes is $341,500 and in our experience, two bathroom homes attract a better price than those with just the one.
This is driven more by buyer perception rather than need but ultimately impacts the final sale price when buyers are comparing available homes.
Given the low entry price to the market, the suburb of Telina has become very affordable for young families and young professionals. Being in the school catchment area for Kin Kora Primary School and within walking distance to Toolooa High and Chanel College, it is no secret why this suburb is a hit with families. According to realestate.com.au (December 2017), established couples and families make up 28.1% of the Telina market, followed closely by older couples and families 27.7% and maturing couples and families at 15.9%.
Rentals are also sought after in Telina with the average price for a 3 bedroom home sitting at $195 per week and for a four bedroom, $250 per week. We anticipate this to increase by $20 – $50 per week in the next 12 to 18 months based on current data and trends. Given current historically low prices, we anticipate strengthening rental yields in the coming years as well as steady capital growth.